The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon.
Crypto analyst David Perk predicts that Ethereum could reach $2,600 and beyond, based on Ethereum's daily and monthly CLS and liquidity zone.
CLS represents 'smart money' across all markets and can potentially anticipate significant price changes and liquidity shifts.
Another analyst, Marzell, shares a bullish prediction for Ethereum, citing a breakout from a Falling Wedge pattern and a potential rally to $2,821.